Terminal News

TotalEnergies Makes Hydrocarbon Discovery on Moho License

Written by...

Picture of Anamika Talwaria

Anamika Talwaria

Editor for Tank Storage Magazine & Chair of Women in Tanks

TotalEnergies EP Congo (63.5%, operator) has made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.

The well encountered a hydrocarbon column of approximately 160 metres in good-quality Albian reservoirs, and an extensive data acquisition and sampling campaign was carried out to support the subsurface interpretation and future development.

The Moho G discovery, together with the discovery previously made on the nearby Moho F structure, represents recoverable resources estimated at close to 100 million barrels, which are planned to be developed as a tie-back to the existing Moho facilities. ‘This new discovery on the Moho license benefits from its proximity to existing production infrastructure, allowing a short cycle, cost effective tie-back development,’ says Nicola Mavilla, senior vice president Exploration at TotalEnergies. ‘By leveraging our technical expertise and existing infrastructure, we are creating the conditions for future value-accretive production for the Company.’

TotalEnergies EP Congo is the operator of Moho license with a 63.5% participation, alongside Trident Energy (21.5%) and the Société Nationale des Pétroles du Congo (SNPC, 15%). Existing production facilities include two Floating Production Units (FPU), Alima and Likouf, combining for a current output of around 90 kboe/d (100%).

Share this article:

Latest terminal news

Terminal News

US-Iran Ceasefire Lauds Oil Relief

A two-week ceasefire between the USA and Iran has been agreed, contingent on the reopening of the Strait of Hormuz. A significant relief rally is now underway, as more than

Read More